Show REPORT OF MINING CO the miner of tonopah To nev is in receipt by wire of the quarterly report of the tonopah mining company as follows the following notice accompanied dividend checks and quarterly statement of the tonopah mining company of nevada the lower grade of ore in your tonopah mine and the reduced price of silver have caused the earnings of your company from the mine to fall below the amount required to pay the dividend of 25 cents per share per quarter large expenditures are being made to equip new properties and are likely to be made ma nde for properties now under consideration these properties in time should produce large earnings for the tonopah mining company of nevada owing to these conditions together with the unsettled finances of the world making the marketing of our products at satisfactory prices uncertain your board of directors may conclude that it is for the best interests in connection with the expansion of the companas comp anys operations to make a substantial reduction in the next dividend by order of the board of directors C A higbee secretary combined income and surplus account for quarter ending may 1915 gross value of ore milled net income for quarter quick assets cash on hand may bonds purchased certificate of deposit silver bullion stored at 50 cents per ounce deduct dividend payable july total tonopah placers company per cent of which is owned by the tonopah 1 mining company of nevada had net earnings for quarter ending may 1915 of |